Cohosting and Property Management Payout structure

[Merritt Harris]

I realized that my property management contract states that I'm paid 20% of gross revenue, but in fact, I pay the cleaners their fee first (I mark it up a little on my OTA to factor for platform fees) and then I take my 20% out of the remaining balance. 

How do you structure your property management payouts? 

Curious how you handle the accounting side as well in terms how what the client gets. 

I typically export the monthly metrics from my PMS, then use a excel work sheet to break down gross, fees, expenses for owners on their end of month reports. 

Thanks in advance. 

[John Underwood]

cleaning fee should be a pass through .